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20121027
20121104
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by the storm, think again. superstorm sandy crashing through the midwest. airline passengers stranded across the country. gas and other energy prices could rise no matter where you live. "money" is breaking it all down. also money tonight, the owing bell will ring once again on wall street. restart of trading tomorrow create a perfect storm for stocks. we're going to explain that. >>> does our government now need a secretary of business? president obama thinks so. what about the business community? we're going to get reaction straight from business owners mouths. even when they say it's not, even in this storm, it's always about money melissa: so, starting off tonight, no doubt hurricane sandy will cost a lot of money. it is still going strong, headed right for western new york. let us get the latest on the path from weather.com meteorologist. bernie, what is it getting ready to hit now? >> it is off to the east of pittsburgh. as you mentioned melissa, it is moving northward, when you take a look at storm, look how large it is. it is covering the eastern half of the united states. there is m
demand after superstorm sandy. >>> in after-hours action shares of linkedin are leaping. the professional social network beat third quarter earnings estimates on top and bottom line. linkedin upped full-year revenue guidance. >> one thing we truly need, we need more fuel. so we're reaching out to agencies, to see if we can get more fuel so we can make sure the national guard can continue to operate, that our police department and our fire department can operate so that we can keep our community safe. melissa: boy is this today's new paralyzing problem. that was hoboken, new jersey mayor, dawn zimmer making a desperate plea in the wake of superstorm sandy. she is not the only one that can use a fill-up. it is our top story. dire shortages and major power outages making it impossible for drivers all over the place to fill tanks. if you're lucky enough to find a station that actually has gas. plan on waiting in line for two hours. tom kloza, chief oil analyst and joins me on the phone. tom, tell me what is really going on here? is it a supply shortage? it is is disruption problem? what is ca
on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares will become unlocked on november 14th. >>> lots of damage to assess. the president just spoke after touring new jersey with governor chris christie today. while super storm sandy continues on its path of destruction the area northeast of pittsburgh is the latest to get hit. leaving close to million pennsylvania residents without power. joining me on the phone in a fox business exclusive is pennsylvania governor. governor, thanks for coming on. i know you're spending the day in philadelphia and looking at power lines and talking to power line workers. what did you see there? >> we're in philadelphia up in northern bucks county talking to people at a shelter. we've seen a lot of areas without electricity. i've gon
of superstorm sandy. the latest estimates coming out. ashley: the trading now but why not monday or tuesday? charlie gasparino working this story for us. we will be here soon to talk about it more. dollars fairing today how the currency is doing against the greenback. the yen and canadian dollar is down. we will be right back. >> 21 minutes past the hour your fox news minute. officials confirmed a florida bomb disposal team was sent to guantanamo navy base in cuba after hurricane sandy turned up what appeared to be a 500 pound bomb. the object which was discovered around and:00 a.m. tuesday was entered. the base posted an all clear notice on its face those page this morning. superstorm sandy claimed the life of an off-duty police officer monday night. nypd says 28-year-old died while assuring seven family members to safety as floodwaters surged into his staten island home. the officer was assigned to the department's first precinct. take a look at this incredible video. sandy shows off her strength as she ripped this tree out of the ground. this happened on the north shore of long island at
back to normal. the devastation from superstorm sandy, is massive. in aftermath of storm 39 people are dead tonight, in manhattan, 18 people. more than 8 million people are without power, here in network america city especially, much of manhattan still without power, we'll cover other parts of the region as well, city's transit system still shut down and could be for days, but the thousand mile wide storm is moving west today across pennsylvania, and ohio. with winds near 50-miles an hour, it will head back to new york tate later tonight, the storm is getting weaker, forecasters warn sandy could bring heavy rain and flooding, sandy brought blizzard conditions to west virginia, and neighboring states like north carolina, with snowfall nearing 3 feet in some places, some worse damage in new jersey, sandy sent tidal rav tied waivee throughout -- wave surge throughout the night, jeff flock is joining us from point pleasant, new jersey, what are you seeing. i'm just glad to see you again. i've been worried watching you cover the storm. >> reporter: it started with you you gerri. look at
. >>> the price tag on damage by superstorm sandy could reach as much as $50 billion according to new estimates by eqecat. the widespread outages of electricity and subway service could push the estimates higher. >>> as it wrists down the value of past investments ahead of another restructuring. that is the latest from the fox business network. giving you the power to prosper. melissa:. lori: the obama administration says it is still investigating the attacks in at the consulate in benghazi but with days before the election the american people are unhappy with the job done there. according to latest "fox news poll", 39% approve the job obama is doing on libya and 47% voters disapprove. lou dobbs is here. you've been a outspoken critic on the handling of the benghazi situation so what does the poll reflect? >> the poll reflects the sentiment, without knowing the details, understand that this administration has stonewalled, refused to be forthcoming not details but even broad brush strokes what was going on in benghazi before the attack. how much warning we had. it was, it's, it's a time for fran
on the latest on superstorm sandy. charlie: people are dead across seven states, more than seven million without power. three public transportation and homes are flooded. we will talk to governor of pennsylvania tom corbett about the impact on his state and recovery efforts. ashley: stock market closed for a second day because of the storm. first-time weather has caused that to happen since 1880. the new york stock exchange and nasdaq announcing they will be open tomorrow for regular trading operations. more on that coming up. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower manhattan and had a look around more of the city before we grab you here. how is
days left vision gets cloudy. liz: did superstorm sandy already cast her vote? rich edson in washington, d.c. how do you cast that election. >> sandy carve ad path in states mostly decided president obama is well ahead in connecticut, new jersey and. some officials say sandy interrupted absentee voting in number of place although the state says there will be no problems on election day. ohio polling is in margin of error and there are pouter outages. election officials say there is currently power at all voting locations. they say early voting is moving smoothly. both candidates are in the buckeye states state with a full day of campaigning today. >> got anxious and attacking me day in and day out. attacking me does not create an dend today for him. we have a plan to get the economy going. >> what the governor is offering sure ain't changed. giving more power back to the biggest banks isn't change. leaving millions without health insurance isn't change. another five trillion dollar tax cut that favors the wealthy isn't change. >> they are pitching their closing arguments for president o
superstorm sandy was coming? liz: well, certainly last week. >> yeah, that's what i'm saying -- liz: midweek if not earlier. >> i came back from dallas on saturday because on thursday i knew this thing was happening. so the exchange knew it was coming as well. all the exchanges. here's what we know, the major exchanges had a big meeting on friday, discussed how they might plan for a monday opening. they had the same -- they had meetings with themselves and talking to their customers ie the brokerage community. we should point out that the sec communicated to the exchanges they wanted a monday opening as well. we should point out that the nyse told the trading community, both friday and saturday, that they should plan on a normal opening. okay? they did tell them that there's always contingency plans out there, ie, we may go full electronic. no floor traders, but, you know, we're doing a monday opening. what did that mean to the brokerage community? the goldman sachs, the credit suisse, what did that mean to the big traders? they have their systems in place to deal primarily with the integrat
of hurricane sandy and superstorm that followed, is american red cross, sending thousands of volunteers, to the storm ravaged northeast, the red cross providing 23,000 overnight stays for victims of the storm since saturday, tuesday night more than 9,000 people in 100 someone to red cross shelters across 13 states, joining us now, senior vice president of disaster trading for red voss -- red cross, charlie, give us an estimate to how many people remain homeless and evacuated. how many are in setters? your best estimate. >> we know that 9,000 people spent last night in american red cross shelters, 13,000 in shelters all over states red cross and independent shelters, but how many people are out displaced, that number is in tens of probably hundreds of thousands, many stay with families or are staying in hotels, probably a quarter million, really big numbers in terms of displaced. you already mentioned in terms offed size of this event. lou: hardest hit region has to be south shore of new jersey where the storm hurricane force made landfall, correct? >> certainly new jersey, new york, har
. in washington the final push of the campaign is on after the unplanned break caused by superstorm sandy. president obama and governor romney back on the campaign trail and rich edson is watching this. rich: intense campaigning for both candidates in highly contested states. president obama in wisconsin and nevada and colorado. mitt romney is campaigning throughout virginia criticizing the president for its latest economic plan, proposing a new cabinet position. secretary of business. >> came up with an idea last night which is to create the department of business. i don't think adding a new chair in his cabinet will help add millions of jobs on main street. rich: president obama says the position would streamline the federal government for businesses. in wisconsin the president is arguing his administration has made progress and a vote for governor romney is a vote for president george w. bush's policies. >> governor romney has been using all his talents as a salesman to dress up these very same policies that failed our country so badly. the very same policies we have been cleaning up a
department after superstorm sandy hits. the man was lying on his roof when an officer in a basket was lowered to the roof and pulled him up. you can see that it's just absolutely amazing. of course a lot of this kind of stuff going on. now, one forecast firm is predicting that superstorm sandy could cost 20 billion dollars in property damage in the united states. joining us now, the president of forensic weather consultant. howard, this is obviously just the beginning, isn't it? >> this is just the beginning. you know, i know for a fact from talking to some friends of mine, that searchs and rescues are still -- that searches and rescues are still underway, making sure there are no victims left in the houses. we have a lot of emergency personnel there. then we can start to pick up the pieces. storm surge is only about 1 to 3 feet. it's still in the homes right now in parts of suffolk county and we have until about 12:00 noon today before high tide starts to go out. that's the good news. that's when the weather will start receding and some of these homes could be pumped out but not before the d
of superstorm sandy moving westward through pennsylvania, ohio, west virginia. fox's meteorologist janice dean who hasn't slept in days joining me now with the latest forecast. janice? >> i'm doing okay. my family, everyone is doing okay. that's the main thing and we hope that folks across the eastern seaboard are doing better this mooning. of course this is a storm that's affected millions of people. it is moving westward. we're still going to see the outer bands across new york, philly -- philly and d.c., the worst of the storm has moved westward. even 70 miles-per-hour gusts along the great lakes. that's pretty impressive. that's how wide a storm we're talking about and blizzard warnings, if you can believe it, blizzard warnings across portions of west virginia into kentucky, if you can believe it. peak wind gusts that we saw overnight last night, 90 miles-per-hour in islip. 89 in surf city. this was a massive event, really one we have not seen across the northeast. certainly a record breaker. wind gusts, to show you the massiveness of this storm, the low pressure moving into candy -- cana
for illinois, kentucky and tennessee. superstorm sandy could cost $20 million in property damage. already that is $5 billion more than hurricane irene. guaranteed that number goes up and 10 to $30 billion more in lost business. connell: let's talk about the new york stock exchange, one of the big story today that the exchanges back at it and open for the first time since hurricane sandy. close on monday and tuesday and early this morning nicole petallides had the chance to speak with c e o duncan neiderauer and asked if they could have opened the stock exchange earlier than today. >> we could have. it would have been irresponsible in light of what we know. we could have operated electronically and what the industry clearly told us on sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. do i wish we came to a decision earlier? sure. but we all made the right decision. it would have been irresponsible and dangerous to be open monday and tuesday. dagen: coming up on quarter past the hour and want to do stocks now and every
up next, following a string of good economic news, there is some stocks benefiting from superstorm sandy. we are covering your assets with the details coming up next. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour ergy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. gerri: economics news for sending shares higher. details in 60 seconds gerri: stocks are higher today after a string of positive economic reports on everything from jobs to consumer confidence. rebuilding stocks led the way. companies selling materials like plumbing and bedding and furniture, they were higher. some as much a 7%. as a result of hurricane sandy, there is a way to play this disaster. joining me now is scott martin for united advisors. welcome back to the show, alw
right now. the new york city marathon is officially canceled. superstorm sandy wreaked destruction throughout the new york city area. all this time mayor bloomberg is insisting the marathon would go on as planned this sunday but now, the mayor confirms, the marathon will be canceled after all. he just did it. joining me now in a fox business exclusive is famed marathoner, bart yasso, the chief running officer with "runners world". give me reaction to this news? >> yeah, you know i'm shocked. when i came into the city, left my home in pennsylvaa where we didn't have any power, when i got here, i listened to the mayor's press conference and he said the race was on and, you know, it wasn't going to affect, they weren't going to take any resource from people that need help devastated by sandy, so i supported his decision knowing that. melissa: hwas on earlier today. he was on the air and he came out and at time it was 1:00 this afternoon eastern time and he insisted that it was going to continue even though there was so much pressure. the front of every paper today showing pictures of
reopening for trading today after superstorm sandy kept it dark for a couple days. liz: bob, how are you doing? >> good, yourself. liz: want to get that out of the way. good to see you again, liz. liz: we're well. i guess with the nasdaq, electronic trading, the question is did you really have to close down? >> well, the fact we were ready for monday is not material. the whole industry has to be ready. we work as a community. i think it was the proper decision to be taken. i think the key point is we clearly have to get that much better with respect to continue -- continuity planning. david: bob, we'll talk about this for awhile today, and it's true over the various indexes, but we had a terrific year. you guys up 20% from this time last year, and, yet, volume has been very low. a lot of retail inviers are still -- investors are still afraid of the market, from 2008, and, of course, facebook has a lot to do with it. it the facebook controversy over now? how else can you work to bring in the retail investors? >> well, i would say this, the market is wider than any one's thought. facebook
to superstorm sandy's iraq? joining us is julius. talk about your stock in just a moment. you are anxious because you had great numbers but the storm. any of your restaurants report any damage due to the storm? >> too early to tell. as of yesterday we had 450 restaurants that were closed. today we are down to just under 200 restaurants. first and most important thing is the safety of our employees and our guests but as we reopen the there's pent up demand because there isn't much in the area that is open. dave: they are reopening and the key question is how you get the supplies in. >> it depends on where you are, whether trucks can get in or there's electricity but when those things meat and it is possible and certainly the safety of our employees is utmost but if they can all come together we are reopening and reopening to incredible crowds of people because in many cases we may be the only thing in town open or people are getting a good hot meal that don't have electricity at their home. dave: does the company try to help them out as best he can and if so how? >> a couple different thin
shortage in the wake of sandy. the agency issuing a temporary blanket waiver of the jones act allowing foreign flags fuel tankers from the gulf of mexico to supply the northeast. the superstorm caused a shoutdown of two refineries in the region. >>> verizon reporting fourth quarter results will take a big hit because of sandy outages and remediation efforts. the said it is not possible at this time to estimate the impact but expects it to be pretty significant. >>> sources telling bloomberg, rockdale securities is looking for a capital injection following a massive trading error. executives at the brokerage telling employees and investors a trader made unauthorized purchase of apple which eroded the firm's capital. that is very latest from the fox fox business network, giving you the power to prosper lori: watching markets. quarter till. let's check the market with nicole petallides on the floor of the new york stock exchange. how will sandy hurt their bottom line? >> no surprise to hear companies will begin and i'm sure, lori and melissa, over the next 10, 12 days, reporting a lot of
Search Results 0 to 23 of about 24 (some duplicates have been removed)